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from it it's sold there are age limits but what has been the result is that for every dollar in taxes the united states receives from legal alcohol or tobacco it costs us ten dollars in social costs so we don't need to legalize something to make it to control it we can actually keep it illegal so that we don't have big industry promoting it to kids but at the same time we also don't need to throw everybody in jail for small amounts of use so i don't live in this world where it's black or white you know we go to jail or it's legal we can do better than that ok pete if i go back to you i mean we haven't said which is not a war against our own people but the level of incarceration the united states is extraordinary that is a war on a population that at least in one sense well i was again i think we can use words in lots of ways i think. the problem is that you have in latin america today a norm is level of violence and killing at that people believe is related to the drug war whether it is or not whether kevin is right that legalizing marijuana in a few states is not going to have any ef
from it it's sold there are age limits but what has been the result is that for every dollar in taxes the united states receives from legal alcohol or tobacco it costs us ten dollars in social costs so we don't need to legalize something to make it to control it we can actually keep it illegal so that we don't have big industry promoting it to kids but at the same time we also don't need to throw everybody in jail for small amounts of use so i don't live in this world where it's black or white...
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Nov 28, 2012
11/12
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CNBC
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we said to the voters we will keep taxes low and not increase taxes. how dare anyone else keep us to the promises that got us ele elected. that the moment these people are are primed. they are going to be reaganites. the moment that they are challenged. >> i can tell you this. not one drop of revenue should be put on the table until we have massive across the board spending reductions and entitlement reform. that is what is missing. the gop should stand up and say not one drop of revenue until you show me good faith with the spending reduction you all talk about except when it comes time to do something about it. and step b is that the small business community should say not one pens penny until i know you are not going to screw me. >> a quiz. well the answer is coming up next. it is the energy boom that is the brightest spot in our dull and amenemic economy. does the republican party have a front-runner for 2016 could be. don't forget. free market capitalism. we are about to prove it again in 2:00 when the kudlow report comes right back. [ male announ
we said to the voters we will keep taxes low and not increase taxes. how dare anyone else keep us to the promises that got us ele elected. that the moment these people are are primed. they are going to be reaganites. the moment that they are challenged. >> i can tell you this. not one drop of revenue should be put on the table until we have massive across the board spending reductions and entitlement reform. that is what is missing. the gop should stand up and say not one drop of revenue...
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Nov 27, 2012
11/12
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CSPAN
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we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope
we need to have tax reform. we have to have the people who have done so well during this difficult time we have had with the economy. the richest of the rich will have to pay a little bit more to solve the financial problems we have in this country. [inaudible] >> right after the senate majority leader harry reid spoke, republican leaders held their own briefing and ways to find a deal and criticized leader reid's plan. this is 15 minutes. >> good afternoon, everyone. as we head...
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Nov 22, 2012
11/12
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CSPAN
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it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? however many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see his plan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i cannot get into a lot of details -- i think it is unrealistic to expect next week we will
it is not conservatism bound to 35% tax rate. that is not one of the immutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country....
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Nov 27, 2012
11/12
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CNNW
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that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the government taking a dollar aaway, that dollar is not available to be invested. the return on that dollar is zero. for buffet to not understand if you take money out of the economy it's gone is a little bit odd. he's willing to write it. if he wants to write a check, he should write a check and shut up about what everyone else should do. >> the richest guy in america things he should make more taxes. >> then do so. >> fwri in policies that make all people do that. grover as always combative fun and good to talk with you. a man
that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the...
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cuts expire everybody's taxes will go up including taxes on the rich and the very rich which means that of democrats propose cutting taxes on the working class people while ignoring the new red. for the rich republicans can sign on and vote for the legislation without violating their blood oath the multi-millionaire k. street lobbyists grover norquist all that goes nowhere as fast as it should which would be to roll back the reagan tax cuts it's a start on moving america in a more egalitarian direction second most of the cuts to the pentagon budget are good things pentagon has lost over two trillion dollars and they can account for it's a good guess you'll find a lot of it twenty bedroom mansion zone by defense contractors and lobbyist they're wearing this city washington d.c. and this nation needs a healthy and robust debate on our role as an empire as president obama said during the campaign it's time to do some nation building right here at home and third by breaking out the social spending cuts that require public in particular the house of representatives to go on record on their p
cuts expire everybody's taxes will go up including taxes on the rich and the very rich which means that of democrats propose cutting taxes on the working class people while ignoring the new red. for the rich republicans can sign on and vote for the legislation without violating their blood oath the multi-millionaire k. street lobbyists grover norquist all that goes nowhere as fast as it should which would be to roll back the reagan tax cuts it's a start on moving america in a more egalitarian...
SFGTV2: San Francisco Government Television
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Nov 21, 2012
11/12
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SFGTV2
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making sure the government supports research at the deepest trouble and is providing not just grants but tax credits. the focus on making sure that we're building a culture of innovation. colorado is the last three years when there were no jobs anywhere, more 25-34 year-old came to call rudder than any other state in the country. -- colorado more than any other state in the country. we want to make sure they are employed in innovative companies that have an opportunity for full education and research. there has to be a culture fun -- from the federal grant all the way down in research. they should hammer out what the appropriate compromise is to repatriate all those overseas profit corporations are not putting back into our or economy. the largest beneficiary would be california. we want to see what the cutting edge is. most of a still look for california. -- loomost of us still look to california. what governor brown said about the traditional politics is all about taking the thing in making it fresh. to a certain extent, i tried to be a writer in college. i failed miserably. a professor sa
making sure the government supports research at the deepest trouble and is providing not just grants but tax credits. the focus on making sure that we're building a culture of innovation. colorado is the last three years when there were no jobs anywhere, more 25-34 year-old came to call rudder than any other state in the country. -- colorado more than any other state in the country. we want to make sure they are employed in innovative companies that have an opportunity for full education and...
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to use its money more carefully changing tax pays interest to true then. stephen meisner from germany is part of reason doesn't see any reason to spend that much money on a piece of real estate but he says he sees a reasonable explanation of why the sky's the limit for the european union's economic monopoly they never run out of money it's they just come to me and the other taxpayers they go you have to pay more you have to be more of it more or maybe because it's easy the european central bank just print the money and while some may see an upside down logic here german m.p. mr scheffler explains it's more than just a piece of architecture. the e.c.b. once a palace a building to demonstrate his power through a million more million less makes no difference to make a statement about its power and credibility but that's a notion that's taken a serious knock in recent times the seventeen nation euro zone's unemployment is at a record high brussels and seized on a stereo to measures which the government cut spending and raise taxes increase in peoples and as we
to use its money more carefully changing tax pays interest to true then. stephen meisner from germany is part of reason doesn't see any reason to spend that much money on a piece of real estate but he says he sees a reasonable explanation of why the sky's the limit for the european union's economic monopoly they never run out of money it's they just come to me and the other taxpayers they go you have to pay more you have to be more of it more or maybe because it's easy the european central bank...
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Nov 27, 2012
11/12
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MSNBCW
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or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that brudens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions that taxpayers -- it hits the wealthy. >> reporter: the bottom line, republicans say americans borrowing too much money trying to keep medicare and social security afloat. lawmakers with the fix-the-debt coalition meet here tomorrow. >> there's going to come a
or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on...
SFGTV2: San Francisco Government Television
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Nov 26, 2012
11/12
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SFGTV2
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we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here from oakland cut -- oakland, i saw those cars in the ordinary lanes. one person per car. you have this one person with all this steel and plastic and oil. it is ridiculous. we're figuring out ways to do that. whether it is high speed rail or electric cars. the first will be rolling off the factory in treatments in the next few months -- in three months and in the next few months. yes, the innovative companies are small. the electric cars -- the tanks are small but so is fairchild or in tal or hewlett-packard -- intel or hewlett-packard or steve jobs. the seats we plan
we can talk about regulation and pension and taxes and the government. a lot of that is [inaudible] a survey said housing prices are too high and that is a negative factor on recruitment. i thought, maybe we can bring the prices down. foreclosure works magic. i do not think you want that. you want rising wealth which could translate into a rising houses -- housing prices. you can increase density and breakdown similar rules, you get more people. there's a lot of things. as i drove down here...
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Nov 28, 2012
11/12
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friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run states. >>> good information there, diane. >>> thank you so much. 15 minutes before the hour. that's the rundown. if your mom is nagging you about getting married we determine if that mom of yours is normal or nuts. sometimes it is easy to spot a liar. >> it is a bit extreme. >> that's the thing nowadays. >> he said he would accent my facial features. >> it does. it accents your facial features. >> they say practice makes perfect especially when it comes to telling tall tales. speaking of that let's check in with bria
friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run...
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wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government and they actually get back from a trade in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people who are against separatism to point out that if catalonia would draw from spain it could also mean it has to drop out of the european union and not many people in catalonia would be in favor of that if that turns out to be the case and maybe they would prefer the status quo so there are a lot of ifs and buts but what we do know as a result of today's election there is a growing sentiment of nationalism and a sense for independence here in catalonia. so irish prime minister mariano rajoy catalonia could be expelled from the gale sovereignty by prayer independence activist don argus as her region woul
wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government and they actually get back from a trade in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people...
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Nov 29, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> if you're a family in debt, you don't keep spending. >> it shouldn
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom...
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catalonia is actually very wealthy it's a strong is portugal's but the fact is they give far more in taxes to the central government than they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfil his election promise of holding a referendum on independence from spain as you mentioned did not get an absolute majority so he will not be able to push this through straightaway but luckily for him the second biggest party that was voted him was also pro independence so the feeling is they will be able to negotiate and between them they will have enough power to push through this referendum but the biggest sticking point for this referendum is that it is against the spanish constitution some commentators are saying it could actually lead to the arrest of aftermath he tries to push it through the spanish prime minister matter and one hundred has also said. that said he would be desperate to keep hold of one of the country's wealth the
catalonia is actually very wealthy it's a strong is portugal's but the fact is they give far more in taxes to the central government than they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward after mass will have to try and fulfil his election promise of holding a referendum on independence from spain as you mentioned did not get an absolute majority so he will not...
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Nov 28, 2012
11/12
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FOXNEWSW
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they are the low-tax party. the other guys want to tax. to match reckless spending. i understand why democrats are doing this. they manual that the republicans have no bargaining power today. i say it's true if republicans resist, they will take the blame. that will help the democrats in the congress. but obama is never running again. he doesn't care who gets the blame. he is going to be the president. she a lame duck. he wants the term. if it starts by going over the cliff it starts with a second recession. 2 million unemployed and wrecked second term. that is the leverage that republicans have over obama. it's utterly unacceptable. >> bret: to kirsten's point, some republicans are talking about raising the age of medicare, means testing. put a lot of ideas out there. nothing on paper. they are not hammering it out, it doesn't seem, behind closed doors unless we don't know it's going on, steve. >> no, it's not. >> bret: let me play this thing, this sound bite. yesterday we put in a piece. i want to play more of it. this is a question and answer by senator reid about
they are the low-tax party. the other guys want to tax. to match reckless spending. i understand why democrats are doing this. they manual that the republicans have no bargaining power today. i say it's true if republicans resist, they will take the blame. that will help the democrats in the congress. but obama is never running again. he doesn't care who gets the blame. he is going to be the president. she a lame duck. he wants the term. if it starts by going over the cliff it starts with a...
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Nov 27, 2012
11/12
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MSNBCW
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they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say, guys, we have 98% of the public i want to give tax cuts to right now, we can keep arguing about the top 2 but do this right now for the 98%. how come you're not with me on this? that's i think is a card for him to play heavy and gives him an advantage over the spending cuts and debt ceiling issues that will come up. >> justin, let's talk a little bit about the effects of a tax cut for high-income earners on the economy. there is this supposition, in fact i would call it bedrock republican philosophy economically speaking if you cut rates for top ea
they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say,...
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Nov 27, 2012
11/12
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CSPAN
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what is it that is true about virtual rules tax the activity itself is an accountability mechanism. me know what level of activity they had. this is basically on a real- time basis. when the government gets around to that, it will be a very tight box. the sector has the opportunity now to say we know what we can do to show you the kind of outcomes we can produce. we collect that data. most providers are in a position to start to do that as well. the sector is not proactively setting the framework for how this discussion is going to take place. there is going to be another bad actor who is going to mess up. there is going to be a reaction. it is going to be painful for a lot of other people because the sector did not take the step. i am a person who comes from the background of trying to leverage a for-profit company to be able to access capital. i still believe this is an important role for the for- profit to play. as long as we have this conversation about why as opposed to how we actually take the context as it is an frame in a way that can allow for great companies to persist bei
what is it that is true about virtual rules tax the activity itself is an accountability mechanism. me know what level of activity they had. this is basically on a real- time basis. when the government gets around to that, it will be a very tight box. the sector has the opportunity now to say we know what we can do to show you the kind of outcomes we can produce. we collect that data. most providers are in a position to start to do that as well. the sector is not proactively setting the...
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Nov 24, 2012
11/12
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CSPAN
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today, no one seems to want to pay taxes. no one wants to legislate taxes. people want something, they can purchase it and the state or federal government are both will benefit as a result. we are in a double parallel. >> one point of departure -- there is a key difference between a lot and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same tradition. what lessons can we draw? but i think you're right. alcohol was an integral part of western culture for millennia before prohibition. certification indigenous peoples in this country, marijuana has been the same -- for certain indigenous peoples in this country, marijuana has been the same. there is a generational issue at play here. people who grew up with the presence of marijuana as being effective law -- a fact of life, it is different from what it was back in to the 1950's. >> what is interesting about drug law today is there is an errant -- under current taking place at the state level to legalize or relieved some of the criminal components, leadin
today, no one seems to want to pay taxes. no one wants to legislate taxes. people want something, they can purchase it and the state or federal government are both will benefit as a result. we are in a double parallel. >> one point of departure -- there is a key difference between a lot and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same tradition. what lessons can we draw? but i think you're right. alcohol was an integral part...
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Nov 27, 2012
11/12
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KRON
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he is an anti-tax person and who got the republicans to sign a note signed the no tax increase agreement in the first place. >> if you go to voters and say i made this promise and now i'm breaking his promise you should know that and say to them. >> 258 members of congress have signed the pledge. only about half dozen have x rest doubts about it. the test of whether not there are willing to break a promise to not bring taxes will come in the next six weeks. the president seems to be gaining a little ground today and senator john mccain seemed to soften his position on susan rice. rice was the choice to replace hillary clinton as secretary of state. mccain was her sharpest critic and now he is saying she deserves a chance to be heard. also the ceo of hostess is not trying to sugarcoat the demise of the company. he said management made some bad decisions including a big pay raise for the former ceo. the final straw was what happened with the bakers union and a refuse to sign with the company. the deal that was rejected has been accepted by other unions. >> they were not making demands in t
he is an anti-tax person and who got the republicans to sign a note signed the no tax increase agreement in the first place. >> if you go to voters and say i made this promise and now i'm breaking his promise you should know that and say to them. >> 258 members of congress have signed the pledge. only about half dozen have x rest doubts about it. the test of whether not there are willing to break a promise to not bring taxes will come in the next six weeks. the president seems to be...
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Nov 27, 2012
11/12
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CSPAN
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cuts to 98% of tax players -- payers and should not hold those tax cuts hostage to an insistence that millionaires and billionaire the top 2% of america's taxpayers have to have a tax cut to. over the past couple of years, that segment of the american populous has done very well at a time when the middle class has been squeezed. i don't see a contradiction here. i see, you know, distinct challenges that are related and the president is very committed to the proposition that we can deal with these challenges if we come together in a -- and adopt a balanced approach. >> quick followup on that, every signal we've goten from the hill, including out here on the driveway after the last meeting with the president and also from you just said, essentially the fiscal cliff and a longer term package on tet and tax reform are combined. they're going to happen at once. when durbin says we have to deal with the fiscal cliff but not entitlements, doesn't the president have to win over members of his party and say, call it what you want, we're doing this and they are on the teable. >> it's hard for m
cuts to 98% of tax players -- payers and should not hold those tax cuts hostage to an insistence that millionaires and billionaire the top 2% of america's taxpayers have to have a tax cut to. over the past couple of years, that segment of the american populous has done very well at a time when the middle class has been squeezed. i don't see a contradiction here. i see, you know, distinct challenges that are related and the president is very committed to the proposition that we can deal with...
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Nov 29, 2012
11/12
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CSPAN
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eye 119
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they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unless you intend to be a congressman for all of your life. >> a career decision. >> if someone tells you they are pro-life or pro-choice, is this 18 months or a year? how long are you pro-choice? you are telling someone who you are. i'm the kind of guy who is pro- choice or pro-life. two people have brought that up. latourette who decided to leave congress he said yeah i made that promise a long time ago and i went into district and talked about banks and mortgage. mortgage, that was 20 years ago. you are still sending me letters. people make a commitment. it's an easy simple commitment an
they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unless you intend to be a congressman for all of...
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Nov 29, 2012
11/12
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CSPAN
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then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part of a continuing series on "washington journal" focusing on a fiscal cliff. our conversation has broadened. to bring it back to the payroll tax cut and remind you it was enacted in december of 2010, designed to temporarily boost the economy and reduce the tax to% from 6.2% to 4.2% and increased take-home pay about an average of $1,000 to $1,800 per worker. it expires at the end of the year, rates will revert back to 6.2%. if you make $35,000 or so, that will be an extra $700 in taxes. the $2,000, an extra thousand dollars. 75,000, $1,500. finally, $110,000, the upper limit
then personal income taxes. then taxes on consumption, and taxes on property. most of these find that taxes on consumption -- the closest thing we have on the federal level is the payroll tax -- would have no direct tax on consumption like every other country in the oecd. that is a consumption tax. many economists and they oecd find that those taxes have no relationship with economic growth. it is the taxes it -- it is not the taxes on consumption that hard economic growth. host: this is part...
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and regulation the first forty million of excise taxes under the under the amendment well actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels six thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think that's a great thing we'll see what the feds decide to do on this eric holder has been in the past very critical of similar amendments and initiatives so we'll see if they come in crackdown but the people of colorado spoken and it will be interesting to see if if we implement if we can implement it without a hitch. i don't think we have much time to get into this but i we did get to touch on it it's interesting that the banks apparently don't know what to do if they're allowed to allow marijuana growers or businesses to bank with them because they could be violating federal regulations about money
and regulation the first forty million of excise taxes under the under the amendment well actually go to a public school systems fund so people need to think about things like this as well whereas a lot of this money right now or all of this money is essentially going to drug gangs and cartels six thousand people were killed in mexico in the last six years based on drug violence this money is not going to their coffers any more it's going to be going to potentially public schools so i think...
SFGTV: San Francisco Government Television
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Nov 21, 2012
11/12
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additional tax is one of the many results of the -- marriage act in congress. domestic partners are denied federal protection offered to other couples such as immigrant rights, social security survival benefits and ability to file joint tax returns. this additional tax on same sex domestic partners adds another sting to doma. these next few weeks will be significant forjíÑ the lgbt community and those who stand with them as the supreme court will decide whether to -- proposition 8 perry case and various doma cases however i don't believe we should stand still while this discrimination continues. i look forward to working with everyone on the board to the rest i submit. >> clerk calvillo: thank you. supervisor chu. >> supervisor chu: thank you very much. i have an empirrative item later on and i want to speak to it. it is a purely commendatory item. i am joined by supervisor elsbernd in sponsoring this. i simply want to recognize the grand reopening of the sunset rec center in my district located in the the heart of the sunset district and is actually our own
additional tax is one of the many results of the -- marriage act in congress. domestic partners are denied federal protection offered to other couples such as immigrant rights, social security survival benefits and ability to file joint tax returns. this additional tax on same sex domestic partners adds another sting to doma. these next few weeks will be significant forjíÑ the lgbt community and those who stand with them as the supreme court will decide whether to -- proposition 8 perry case...
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Nov 26, 2012
11/12
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. >>> back here at home, top republican lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed and the economic situation is different. >> now, congressional staffers met over the holiday weekend. and leaders intend to meet with the president this week. there are predictions it could be wrapped up before christmas. >> i like that optimism. >>> well, president obama is expected to announce this week a major reshuffling of his cabinet. u.n. ambassador susan rice will likely be the president's nominee to replace hillary clinton as secretary of state. on top of that, massachusetts senator john kerry is said to be the leading candidate to replace leon panetta at secretary of defense. >>> and we're also expected
. >>> back here at home, top republican lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed...
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Nov 29, 2012
11/12
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MSNBCW
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he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> the president had a busy fiscal cliff day, also met privately with the ceo ofs of home depot, coca-cola and yahoo!. not to be out done on this pr front, house republicans made it public, hosting a group of nervous business leaders. they've signed on to a campaign called fix the debt. they want big spending cuts to supplement the coming tax hikes. >> i'm hopeful but i wouldn't put me anywhere near
he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans....
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Nov 22, 2012
11/12
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but he paid social security taxes just like the rest of us. they did not gain for family the same protection as the family of a male wage earner. the discrimination begins with the woman and then the man because he is the role of parent rather than breadwinner. does not get the benefits. there was a unanimous judgment of the supreme court in that case. and by the way, we got it from the district course to the supreme court before he reached his third birthday. that is record speed. for federal litigation. anyway, the court reached a unanimous judgment, but divided three ways. three thought it discriminated against the male as parents. one said, i see this from the vantage point of the baby. it makes no sense the child should have the opportunity from the sole surviving care of the parent. only if that parent is female. not if the parent was male. other cases i was involved in from the ground floor, the pregnant problem. ato the early 1970's, if woman taught in public school, and she began to show between four and six months, she was put on mat
but he paid social security taxes just like the rest of us. they did not gain for family the same protection as the family of a male wage earner. the discrimination begins with the woman and then the man because he is the role of parent rather than breadwinner. does not get the benefits. there was a unanimous judgment of the supreme court in that case. and by the way, we got it from the district course to the supreme court before he reached his third birthday. that is record speed. for federal...
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Nov 27, 2012
11/12
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everyone here agrees with very limited exception that we should extend tax rates, keep the tax rates the same for about 98% of the american people. there's broad agreement on that. now, some on the other side don't want to -- don't have to have a -- a conclusion to that because they -- they want to have a debate about what happens to the wealthiest among us, the very top income earners, roughly about 2% of income earners. but, look, we -- we have agreement on the other 98%. so what i would say is whatever it takes to give meaning or integrity to the vote we had here in the senate to -- to get an agreement here but also to encourage the house to vote to say, let's give middle-income families the certainty they deserve. let's just say that we're going to agree, democrats and republicans, that 98% of taxpayers across the country are going to have their tax rates continued. then we can have a big debate after that about what happens to the wealthiest among us. i think it makes sense, at a time of high deficits and a -- and a debt problem that -- that will confront us for years, that we h
everyone here agrees with very limited exception that we should extend tax rates, keep the tax rates the same for about 98% of the american people. there's broad agreement on that. now, some on the other side don't want to -- don't have to have a -- a conclusion to that because they -- they want to have a debate about what happens to the wealthiest among us, the very top income earners, roughly about 2% of income earners. but, look, we -- we have agreement on the other 98%. so what i would say...